2015 Financial Annual Report

City of Surrey

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at December 31, 2015, with comparative figures for 2014 [in thousands of dollars]

2014 (recast - note 3)

2015

FINANCIAL ASSETS Cash and cash equivalents

$

55,135

$

20,129

Accounts receivable (note 4)

144,673

109,251

Properties held-for-sale (note 5)

31,115

42,506

Investments (note 6)

582,457

698,709

813,380

870,595

LIABILITIES Accounts payable and accrued liabilities (note 7)

154,334

143,826

Deposits and prepayments (note 8)

170,524

194,784

Deferred revenue (note 9)

26,443

31,305

Deferred development cost charges (note 10)

229,595

239,631

Debt (note 11)

241,976

227,918

822,872

837,464

NET FINANCIAL ASSETS (DEBT)

(9,492)

33,131

NON-FINANCIAL ASSETS Tangible capital assets (note 13)

7,989,977

8,130,440

Inventories of supplies

1,011

857

Prepaid expenses

3,962

3,997

7,994,950

8,135,294

ACCUMULATED SURPLUS (note 14)

$

7,985,458

$

8,168,425

Commitments and contingencies (note 15)

Vivienne Wilke, CPA, CGA General Manager Finance & Technology Department

Linda Hepner Mayor, City of Surrey

To be read in conjunction with the Notes to the Consolidated Financial Statements

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